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7121 Kit Kat Road Elkridge,...

AJ&P Leasing Acquires 2,400 SF Industrial Property In Elkridge For $1.3M
SOLDIndustrial

AJ&P Leasing Acquires 2,400 SF Industrial Property In Elkridge For $1.3M

7121 Kit Kat Road Elkridge, Maryland 21075, USA

$1,300,000

$541/SF

Building Size

2,400 SF

Asset Type

Industrial

Closing

Jul 14, 2023

AI

AJ&P Leasing, LLC has purchased a 2,400 square-foot warehouse property situated on 2.1 acres at 7121 Kit Kat Road in Elkridge. The transaction was completed for a sale price of $1.3 million, resulting in a price per square foot of $542.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,300,000
  • Address: 7121 Kit Kat Road, Elkridge, MD
  • Market: Elkridge, MD
  • Acres: 2.1

The buyer, AJ&P Leasing, LLC, acquired the warehouse property with the assistance of Matthew Curran, Daniel Hudak, and Andrew Meeder from MacKenzie Commercial Real Estate Services. This purchase presents an opportunity for AJ&P Leasing, LLC to expand its operations in Elkridge.

Players

Andrew Meeder

MacKenzie Commercial Real Estate Services

Broker

$77.4M

vol

20 deals

Broker

Elkridge Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93